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Jan 10 - 05:00 AM
EUR/USD - Could Be On Verge Of A Bigger Drop To Cloud And Key Fibo
First appeared on eFXplus on Jan 10 - 02:45 AM
  • EUR/USD's biggest one-day drop since August 2019 is a very bearish sign

  • Spot closed down 53 pips according to EBS prices on Wednesday

  • Downside risk has grown, scope is for a drop to daily cloud top at 1.1064

  • Focus will also be on 1.1060 Fibo, 50% of 1.0879 to 1.1240 (Oct to Dec) rise

  • EUR/USD trader TGM2334. Previous nL1N29E05W. USD nL1N29C04S

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Refinitiv IFR Research/Market Commentary


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